SUNY Acquisition Demonstrates Prominent Role of Research Centers in Innovation Economy
Well-designed research centers can help bring an innovation ecosystem together through the spillover effects of knowledge dissemination, student learning experiences, local early access to new technologies, and by attracting R&D funding. In New York, Gov. Andrew Cuomo recently announced a $30 million initiative led by SUNY’s College of Nanoscale Science and Engineering (CNSE) to transform and revitalize a vacant building into a hub for smart cities technology companies, research, education and workforce training.
Maryland Innovation Initiative Announces Initial Slate of Programs
Maryland's Innovation Initiative (MII), launched earlier this year, unveiled two inaugural programs on Monday aimed at commercializing technologies at the state's universities. The new Innovation Discovery Program will help universities identify promising technologies and potential collaborations by reimbursing them for the costs of employing on-site, part-time "site miners." The Innovation Commercialization Program will provide cash awards to support research, commercialization planning and product development.
CO Lawmakers to Consider Grant Programs for Tech Commercialization
Initiatives aimed at commercializing research were among the most common technology-based economic development approaches in 2012 for states seeking faster returns and job growth during a slow recovery. In the new legislative session that began last week in Colorado, lawmakers introduced a bill to increase access to capital for new startup companies in advanced industries aimed at accelerating the tech commercialization process.
DARPA Announces $194M University Semiconductor Initiative
DARPA, the Defense Advanced Research Projects Agency, and the Semiconductor Research Corporation have announced a five-year $194 million program working with six universities across the country to support the growth of the semiconductor industry. These research centers are:
Saudi Arabia Expanding Global Investment in Research and Innovation
The Saudi Basic Industries Corporation (SABIC) will invest $500M in launching four new technology and innovation facilities this year. Two facilities will be based in Saudi Arabia, and the other two will be built in India and China. SABIC's expansion will bring the organization's number of research facilities around the world to 18.
DOE Combines Three Programs Into New $45M Program for Disruptive Solar Technologies
The Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) announced that it will combine three existing programs (Incubator, SolarMat, and SUNPATH) into the Sunshot Technology to Market Program – a new funding program to support startups and other for-profit organizations as they bring disruptive solar innovations to the market place. Historically, the three programs that comprise the new program were separated by stage of technology development.
DOE Launches New Office to Expand Commercial Impact of Energy Research
The U.S. Department of Energy (DOE) announced the launch of the Office of Technology Transitions (OTT) to serve as a DOE-wide functional unit that coordinates the commercial development of DOE’s research outputs and administer the Energy Technology Commercialization Fund – a nearly $20 million fund that will leverage the R&D funding in the applied energy programs to pursue high-impact commercialization activities.
DOE Releases Second Quadrennial Technology Review on S&T Energy Efforts
The Department of Energy (DOE) released the 2015 Quadrennial Technology Review (QTR), a more than 500-page report examining the status of foundational energy science and technology (S&T). The QTR also highlights the research, development, demonstration, and deployment (RDD&D) opportunities with a focus on technologies with commercialization potential in the mid-term and beyond.
DOE Issues Call to Help Commercialize Energy Technologies From National Labs
The U.S. Department of Energy’s (DOE) Office of Technology Transitions (OTT) announced that it will commit up to $20 million for the first round of the DOE’s Technology Commercialization Fund (TCF) – a matching fund that helps bring promising energy technologies developed at DOE-funded national laboratories to market. In addition to helping advance promising energy related technologies with commercial potential, the TFC is intended to strengthen partnerships between the national labs and private-sector companies that can deploy energy technologies to the marketplace.
NSF Announces Funding to Establish, Sustain I-Corps Nodes
The National Science Foundation (NSF) released a solicitation to establish and sustain Innovation Corps (I-Corps) Nodes as part of I-Corps’ National Innovation Network that builds upon fundamental research to guide the output of scientific discoveries closer to the development of technologies, products, processes and services that benefit society. NSF will commit up to $8.5 million to support seven I-Corps Nodes to foster understanding on how to:
VA Gov Set to Sign Package of ED Bills Including New Research Fund
On April 20, the Virginia General Assembly sent three economic development-focused bills (HB 1343, HB 846, and HB 834) to Gov. Terry McAuliffe. The bills include the creation of a new research fund and the creation of a network of regional economic development councils. Although the bills have yet to be signed, Gov. McAuliffe has publicly supported each of them. This package of economic development initiatives was originally proposed in the governor’s economic development strategy as well as his recent budget proposal. However, it took some compromise between the governor’s original proposals and the General Assembly to reach a final package.
NSF announces $20M to support commercialization of NSF-funded research
The National Science Foundation (NSF) announced approximately $20 million in new funding through its Partnerships for Innovation (PFI) program. The PFI program offers NSF-funded researchers at institutions of higher education opportunities to connect new knowledge to societal benefit through translational research efforts and/or partnerships that encourage, enhance, and accelerate innovation and entrepreneurship.
The National Science Foundation (NSF) announced approximately $20 million in new funding through its Partnerships for Innovation (PFI) program. The PFI program offers NSF-funded researchers at institutions of higher education opportunities to connect new knowledge to societal benefit through translational research efforts and/or partnerships that encourage, enhance, and accelerate innovation and entrepreneurship.
Boston Consulting Group: Private-public research consortia fundamental to U.S. competitiveness
While the U.S. remains the global leader in overall R&D spending, China has surpassed the U.S. in later stage technological investments, according to a new report by the Boston Consulting Group (BCG). At its current rate of growth, the authors find that China’s investment in later-stage R&D could double that of the U.S. by 2018. Their analysis suggests that there is significant potential for the U.S to get more out of its R&D by strengthening the relationships between industry and research institutions.
New Commercialization Efforts Launched by Universities, Industry Partners
University-focused initiatives that help bring new technologies and products to market help drive regional economic development and encourage an entrepreneurial culture on campuses. SSTI’s latest Trends in TBED report featured a number of commercialization efforts launched in 2013, including university-based funds to support ideas from faculty, staff and alumni. So far, 2014 also has proven active in this area with the announcement of several new initiatives to support university technology startups.
Industry Support Boosts Chances of Tech Commercialization, Study Indicates
Corporate-sponsored research resulted in licenses and patents much more frequently than federally sponsored projects at the campuses of the University of California system, according to findings published in Nature. A 20 year study found that industry support was more likely to produce patents, licenses and future citations in all fields of research. Projects that received both corporate and federal support were even more likely to generate useful intellectual property.
$10M Available to Support Academe-Industry Partnerships on Smart Systems
The National Science Foundation (NSF) is entertaining proposals to support “academe-industry partnerships, which are led by an interdisciplinary academic research team collaborating with at least one industry partner in order to carry out research to advance, adapt, and integrate technology(ies) into a specified, human-centered smart service system.” Through the Building Innovation Capacity (BIC) element of the Partnerships for Innovation program, NSF intends to make up to $10 million in grants to support research partnerships working on projects that operate in the post-fundame
Establishing External Organizations Key to Unlocking Potential of National Labs, Report Finds
To improve private sector partnerships and increase commercialization efforts, the national labs should consider establishing external nonprofit entities to manage their commercialization efforts, according to a new report from Innovation Associates Inc.
New I-Corps Node Selected by NSF
Cornell University has been selected to host a new Innovation Corps (I-Corps) node through a grant provided by the National Science Foundation (NSF). It, along with four other existing hubs, received new grants ranging between $3.4 million and $4.2 million to be awarded over a five-year period. The I-Corps nodes are designed to support research and innovation and teach entrepreneurship in higher education.
NIH Announces Competition for Biomedical Proof-of-Concept Centers
The National Institutes of Health (NIH) is accepting applications for the Research Evaluation and Commercialization Hub (REACH) program to support proof-of-concept centers (Hubs) that facilitate and accelerate the translation of biomedical innovations into commercial products that improve patient care and enhance health. NIH intends to award approximately $9 million to institutions of higher education to establish three new REACH Hubs.
NSF announces $8M in new funding for I-Corps Nodes
The National Science Foundation (NSF) released a solicitation committing up to $8 million to support between one and seven Innovation Corps (I-Corps) Nodes. The nodes are part of I-Corps’ National Innovation Network that builds upon fundamental research with the goal of dramatically reducing the period of time necessary to bring a promising idea from its inception to widespread implementation.
University-industry collaboration drives academic productivity, openness
While some researchers contend that university-industry collaboration may corrupt the academic ideal of open sciences and reduce academic productivity, researchers from the London Business School (LBS) and University of Southern California (USC) found that university-industry research collaborations – in certain situations – can lead to more publications but fewer patents than similar academic studies without industry partners. These findings would indicate that such collaboration can actually stimulate open science and increase academic productivity, rather than weaken it.
MA Lawmakers Pass Economic Development Bill, Awaits Gov Approval
On August 1, the Massachusetts lawmakers enacted a comprehensive economic development bill (H.4377). The bill currently awaits Gov. Deval Patrick’s approval. Per state law, Gov. Patrick has until August 14 to sign the bill, 10 days after he received it. The approved bill that received unanimous approval by the Massachusetts state Senate was passed as a comprise package between two bills proposed in the Senate and House.
TEDCO Announces State-Backed Investment Fund for Cybersecurity Companies
The Maryland Technology Development Corporation (TEDCO) announced that it received state-backing for its Cybersecurity Investment Fund (CIF) – a fund that helps companies across the state develop and commercialize new cybersecurity products. TEDCO will make investments of up to $100,000 to help companies achieve early technical milestones that are critical to the commercialization process.
CA, MN University Systems Take Different Approaches to Startup Support
Within the past month, two of America’s major research universities – the University of California system (first in total R&D expenditures, according to the NSF) and the University of Minnesota-Twin Cities (eleventh in total R&D expenditures) announced new funds to increase the rate at which their students, faculties, and researchers are able to commercialize their ideas into new businesses.
Universities, Public-Private Partners Launch Commercialization Funds in IN, LA, PA, WA
Purdue University, the University City Science Center, and Washington State University announced the creation of new investment funds to support the growth of university-affiliated startups in their respective communities. These three recently announced commercialization funds all share a common trend – they will be managed or assisted in the management process via public-private partnerships.